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Distinguish between the following: Land and capital - Economics

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प्रश्न

Distinguish between the following:

Land and capital

अंतर स्पष्ट करें
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उत्तर

Land Capital
Land broadly refers to all the natural resources, flora and fauna, earth, buildings, avenues, air, water, minerals, etc. Capital includes money invested in the business, machinery and tools.
Land is a free gift from nature. Capital is man-made.
It has an inelastic supply. It has an elastic supply.
The factor payment received on land is rent. The factor payment received on capital is interest.
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अध्याय 7: Factors of Production - Exercise 3 [पृष्ठ ६१]

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मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 7 Factors of Production
Exercise 3 | Q 1.1 | पृष्ठ ६१
गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 1 Factors of Production
Exercise | Q 16. (b) (iii) | पृष्ठ ३२
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